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Listed by Garrin S Horwitz Hyperion Realty
$ 429,900
Est. payment /mo
Contingent
311 11th St Racine, WI 53403
4,200 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Contingent
Purchase Type For Sale
Square Footage 4,200 sqft
Price per Sqft $102
MLS Listing ID 1965738
Year Built 1880
Acres 0.07
Property Sub-Type Multi-Family
Property Description
Five-unit Racine income property with the heavy lifting already done. Two 2-bedroom units and three 1-bedroom units, each with an eat-in kitchen, range, and refrigerator, The building has a documented long rental history and consistent occupancy. In-place rent is $4,425/mo ($53,100/yr). Recent capital work includes a newer roof (2019) and updated electrical service and wiring (2018), with semi-updated bathrooms and newer windows in select units. Vinyl exterior keeps ongoing maintenance light. Boiler heat, municipal water and sewer, and a full basement with laundry hookups. Located two blocks off Main Street and within blocks of Lake Michigan and the downtown Racine waterfront, with Highway 20 running west to I-94 toward the Milwaukee and Chicago markets.
Location
State WI
County Racine
Zoning R4
Direction From S Main St, west on 11th St approximately 2 blocks to the property.
Rooms
Basement Full
Interior
Inclusions 5 Refrigerators, 5 Ranges.
Exterior
Parking Features None
Exclusions Tenant's and Seller's personal Property
Building
Sewer Municipal Sewer
Water Municipal Water
Structure Type Vinyl
Schools
Elementary Schools Johnson
High Schools Case
School District Racine Unified
Others
Tax ID 00640003
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